Real-Time Quoting for Underwriters and Agents: How the RQB Platform Transforms Insurance Distribution
Commercial insurance is changing-fast. Underwriters today must respond to submissions within hours, not days. Appointed agents demand real-time quoting. And with multiple carrier portals, rate manuals, and underwriting guidelines to juggle, delays are inevitable.
That’s where Selectsys’ RQB Platform comes in. RQB (Rate, Quote, Bind) is a powerful digital quoting solution for MGAs, wholesalers, and their appointed brokers. It cuts quote time from days to minutes-without sacrificing underwriting control.
What is the RQB Platform?
The RQB Platform is a digital interface built by Selectsys to streamline quoting and binding across commercial lines.
It supports two key audiences:
- Underwriters – internal quoting engine for efficient submissions, renewals, endorsements
- Agents/Brokers – external portal with rate/quote/bind access to pre-configured programs
Built on modern API architecture, RQB integrates with:
- Netrate, Verisk, ISO rating engines
- Carrier APIs (quote/bind)
- AMS and policy systems like Expert Insured
Features That Drive Results
1. Configurable Rules-Based Rating
Upload your underwriting rules and rate manuals-we’ll digitize them.
2. Underwriter Dashboard
Triage submissions, apply referral triggers, and adjust pricing or coverage on the fly.
3. Agent/Broker Portal
Let appointed producers rate and quote submissions 24/7 with branded access.
4. One-Click Bind & Issue
Bind with the carrier or generate quote/bind PDFs and push to AMS.
5. Audit Trail + User Management
Track every decision, change, or referral in a centralized, permission-controlled log.
Real Case: How an MGA Slashed Quote Times by 80%
Client: East Coast MGA focused on contractors GL and BOP
Problem: Average quote time was 4-5 days due to manual rating, underwriting, and broker back-and-forth.
Solution: Selectsys deployed an RQB underwriter portal + agent interface within 6 weeks.
Result:
- Quotes returned in under 15 minutes
- 5x quoting volume with no headcount increase
- 40% more submissions from appointed brokers
Why MGAs and Wholesalers Choose RQB
- Speed: Submissions rated, quoted, and bound in minutes
- Control: Underwriting guidelines hard-coded, not bypassed
- Flexibility: Can be used internally only or offered to agents externally
- Branding: Fully white-labeled portals for producers
- Integration: Works with existing systems (AMS, policy admin, rating APIs)
Frequently Asked Questions (FAQs)
Can RQB be used just by underwriters, not agents?
Yes. Many MGAs start with an internal quoting engine before opening access to brokers.
What lines of business are supported?
All commercial P&C lines-GL, Property, WC, Cyber, Commercial Auto, Contractors, BOP.
How fast can RQB be deployed?
We typically launch MVP portals in 4-6 weeks depending on rating complexity.
Do I need carrier APIs to use RQB?
No. You can start with static rate tables or use ISO/Netrate until API access is established.
Can RQB integrate with our current AMS or Expert Insured?
Yes. It’s built with API integration in mind and supports full data exchange.
Explore how Selectsys makes quoting faster and smarter:
- Learn about Expert Insured AMS integration
- Read how our Insurance BPO teams support quoting
- Automate triage with AI submission intake
